Friday, December 16, 2022 6:18:56 PM
The purpose of this Information Statement is to advise the Company’s stockholders that on December 1, 2022 in accordance with Section 17-16-704 of the Wyoming Business Corporation Act (the “WBCA”), the written consent of the holders of a majority of the voting power of the outstanding capital stock of the Company as of the Record Date (the “Consenting Stockholders”) approved the following corporate action:
(1) Authorization of the Company’s board of directors (the “Board”), in its sole and absolute discretion, and without further action of the stockholders, to file an amendment to the Company’s articles of incorporation (the “Articles of Incorporation”) to effect a reverse stock split of the Company’s issued and outstanding Common Stock, at a ratio of 1 for 1,000 (the “Reverse Stock Split”), with the Reverse Stock Split to be effected at such time and date, if at all, as determined by the Board in its sole discretion. Fractional shares will be rounded up to the next whole share.
The consents that we have received approving the Reverse Stock Split constitute the only stockholder approval required under the WBCA, our Articles of Incorporation, and our bylaws. Accordingly, the Reverse Stock Split will not be submitted to the other stockholders of the Company for a vote.
https://www.otcmarkets.com/filing/conv_pdf?id=16259215&guid=toP-keZf97RBh3h
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